International Energy Agency (IEA) News

Akinwumi Adesina, President, African Development Bank (AfDB)

New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent

African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.

Brighter Africa - The growth potential of Sub-Saharan Africa's electricity sector - McKinsey

Brighter Africa: The growth potential of Sub-Saharan Africa's electricity sector - McKinsey (Report)

The power sector in sub-Saharan Africa offers a unique combination of transformative potential and attractive investment opportunity. In most countries, electricity is provided by expensive diesel generators, with prices ranging from three to six times what grid consumers pay across the world.

Goodluck Jonathan, President of Nigeria

Nigeria should curb president's oil licensing powers, say lawmakers

The Nigerian president’s power to grant oil licenses should be removed and the government should float 30 percent of the state oil company, lawmakers recommended in a report on a bill aimed at cleaning up the industry in Africa’s top crude producer.

Aliko Dangote

Aliko Dangote, Africa's richest man, partners with Blackstone and Carlyle for Africa investments

Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure.

Shell

Africa Beats Middle East to Be No. 2 in Top-Paid Oil Jobs

Africa has surpassed the Middle East as the oil-and-gas producing region that attracts the second-highest number of the best-paid staff, international advisory firm Von Essen Group said.

At 2.5 million barrels per day, Nigeria is Africa's largest oil producer

India overtakes US as Nigeria's biggest oil importer

India has taken over from the US as the largest importer of Nigerian oil, the West African state’s national oil company has said.